Discuss the basic differences between the mean absolute

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From the choice of the simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why

Question 1: Discuss the basic differences between the mean absolute deviation and mean absolute percent error.

Question 2: Let's say you work for a company that makes prepared breakfast cereals like cornflakes. Your company is planning to introduce a new hot breakfast product made from whole grains that would require some minimal preparation by the consumer. This would be a completely new product for the company. How would you propose forecasting initial demand for this product?

Reference no: EM133388691

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